Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

East Gate Business Park's Hall D3 at 100% occupancy

East Gate Business Park's Hall D3 at 100% occupancy

The more than 9,000 sqm Hall D3 in East Gate Business Park has reached 100% occupancy, according to a press release sent to the Budapest Business Journal.
Developer Wing launched the development of Hall D3 in East Gate Business Park to respond to distinct market needs reflecting increasing demand and increasing interest in the park. The speculative investment project caters to tenants with production, manufacturing, and complex, special warehousing needs, the company says.

Several international corporations have their Hungarian or regional center in East Gate Industrial Park, and five of the 50 largest Hungarian companies also have facilities here. Currently, the whole area of the new hall is leased by two companies. A German company manufacturing kitchen worktops and splashbacks, and one of Hungary's leading facility management companies providing building operation, cleaning, and gardening services now have their offices here.

Hall D3 has a ceiling height suitable for production areas. It is classified as a building suitable for moderate risk fire safety – unlike typical halls that are suitable only for low risk – and has both loading docks and drive-in gates. Offices take up approximately 20% of the area, higher than what is typical for halls on the market built without concluding a lease agreement first. The office unit protrudes from the facade of the building, so offices, showrooms, and test areas get natural light from three directions.

"With the development of Hall D3 in East Gate Business Park, we wanted to achieve a balance between the production and service functions in the park. Monitoring the needs of the tenants is a priority for Wing, and this led to the development of the new hall, which is different from standard halls, with a higher than average proportion of office space. The long-term lease agreements we concluded for the whole area of the hall prove that we did indeed identify a real need," said Zsófia Korda, sales director for industrial developments at WING.

She added, "Increasing turnover in the Hungarian retail sector has generated new warehousing and logistics demand, with a distinct spike in the industrial segment this year. This has been even more defining in terms of the market in 2021 than in years past. We started the expansion of East Gate Business Park under the name East Gate Pro in response to this market situation."

The first two halls of East Gate Pro, announced by Wing in July 2021, will have an area of more than 20,000 sqm and are scheduled to be completed in H2 2022, and four additional halls are planned on the site. Future occupants have flexibility when selecting a hall type and size, which allows for customized arrangements in the buildings. In addition, the new halls, due to their structural properties and technology solutions, will provide a minimum temperature of 16 C, as compared to current warehouses with a minimum temperature of 12 C, resulting in lower heating costs.

East Gate Business Park, situated at the junction of the M0 and M3 motorways, is approximately 20 minutes from the city center and has a bus stop at the entrance. The construction project is financed by UniCredit Bank.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Man Convicted of Fraud After Booking Over 120 Free Flights Posing as Flight Attendant
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Beata Thunberg Rebrands as Beata Ernman Amidst Sister's Activism Controversy
Hungarian Parliament Approves Citizenship Suspension Law
Prime Minister Orbán Criticizes EU's Ukraine Accession Plans
Hungarian Delicacies Introduced to Japanese Market
Hungary's Industrial Output Rises Amid Battery Sector Slump
President Sulyok Celebrates 15 Years of Hungarian Unity Efforts
Hungary's Szeleczki Shines at World Judo Championships
Visegrád Construction Trends Diverge as Hungary Lags
Hungary Hosts National Quantum Technology Workshop
Hungarian Animation Featured at Annecy Festival
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
UK and EU Reach New Economic Agreement
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
UK and EU Reach Agreement on Gibraltar's Schengen Integration
Israeli Finance Minister Imposes Banking Penalties on Palestinians
U.S. Inflation Rises to 2.4% in May Amid Trade Tensions
Trump's Policies Prompt Decline in Chinese Student Enrollment in U.S.
Global Oceans Near Record Temperatures as CO₂ Levels Climb
Trump Announces U.S.-China Trade Deal Covering Rare Earths
Smuggled U.S. Fuel Funds Mexican Cartels Amid Crackdown
Austrian School Shooting Leaves Nine Dead in Graz
Bezos's Lavish Venice Wedding Sparks Local Protests
Europe Prepares for Historic Lunar Rover Landing
Italian Parents Seek Therapy Amid Lengthy School Holidays
British Fishing Vessel Seized by France Fined €30,000
Dutch Government Collapses Amid Migration Policy Dispute
UK Commits to 3.5% GDP Defence Spending Under NATO Pressure
Germany Moves to Expedite Migrant Deportations
US Urges UK to Raise Defence Spending to 5% of GDP
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Low Turnout Jeopardizes Italy's Citizenship Reform Referendum
Transatlantic Interest Rate Divergence Widens as Trump Pressures Powell
EU Lawmaker Calls for Broader Exemptions in Supply Chain Legislation
France's Defense Spending Plans Threatened by High National Debt
European Small-Cap Stocks Outperform U.S. Rivals Amid Growth Revival
Switzerland Proposes $26 Billion Capital Increase for UBS
×